India yet to tap potential of mobile banking, digital financial services: Report

July 6, 2014

Photo edited with http://www.tuxpi.comIndia is yet to realise the potential of mobile banking and digital financial services even as only 47 per cent of the people have bank accounts, half of which lie dormant due to heavy reliance on cash transactions, says a report.

The Financial Inclusion Insights programme, operated by research consultancy InterMedia and supported by the Bill and Melinda Gates Foundation, is based on interviews with 45,024 Indians aged 15 years and above.Source

Comments are closed.